Saia Inc - SAIA STOCK NEWS

Saia Inc. (NASDAQ: SAIA) has been awarded the title of 'National LTL Carrier of the Year' by Johnson Controls. This honor recognizes Saia's exceptional performance across key indicators such as claims ratio and sustainability, particularly during challenging market conditions. Saia's commitment to quality service was highlighted by Johnson Controls, which emphasized the importance of reliable freight providers for their success. With over 10,500 employees and 169 terminals nationwide, Saia continues to demonstrate its dedication to superior customer service.

Saia, Inc. (NASDAQ: SAIA) reported significant growth in its LTL (less-than-truckload) operations for October and November 2020. In October, LTL shipments per workday rose by 3.3%, and tonnage per workday increased by 5.7%. The average weight per shipment also climbed 2.4% to 1,316 pounds. November saw further gains, with shipments up 4.4% and tonnage up 7.3%, while average weight per shipment rose 2.8% to 1,341 pounds. Despite these positive metrics, actual results may deviate due to various risk factors outlined in SEC filings.

Saia, Inc. (Nasdaq: SAIA) reported Q3 2020 financial results, showing a 2.7% revenue increase to $481.4 million and 21.7% rise in operating income to $55.2 million. Diluted EPS rose to $1.56 from $1.25 YoY. The operating ratio improved to 88.5 from 90.3. Key growth drivers included a 5.5% increase in yield and efficient operations amid challenging conditions. Total debt decreased to $120.9 million with a net debt to total capital ratio of 9.4% compared to 17.3% last year. Capital expenditures for 2020 are expected around $225 million.

Saia Inc. has opened a new, significantly larger cross-dock facility in Memphis, Tennessee, which is 60% larger than its previous terminal. The new facility features a 200-door configuration, state-of-the-art construction, and energy-efficient design, along with an eight-bay maintenance area and high-speed fueling station. The investment aims to enhance operational efficiency and accommodate future growth, reflecting Saia's commitment to its longstanding markets. This marks the third relocation in recent months, following expansions in Texas and Nevada.

Saia, Inc. (NASDAQ: SAIA) is set to release its quarterly financial results on October 29, 2020, before the market opens. The management will hold a conference call at 10:00 a.m. Eastern Time to discuss these results. Interested participants can join by dialing 800-353-6461 or 334-323-0501, using conference ID #2095005. The call will also be available via a live webcast on the company’s website. A replay can be accessed two hours post-call until November 26.

Saia operates 169 terminals across 44 states, providing a range of logistics services.

Saia subsidiary LinkEx has been recognized as a 2020 SmartWay High Performer by the EPA, highlighting its commitment to sustainable freight solutions. Only 11 logistics companies received this recognition, with less than 5% of SmartWay partners qualifying. LinkEx has been a part of the SmartWay program since 2006 and was awarded the SmartWay Excellence Award in 2018. The company focuses on reducing its environmental impact while addressing customer logistics challenges through innovative and efficient solutions.

Saia, Inc. (NASDAQ: SAIA) reported its LTL shipment and tonnage data for July and August 2020. In July, LTL shipments per workday rose by 1.5%, while tonnage per workday fell by 2.7% and the average weight per shipment dropped by 4.1%, reaching 1,267 pounds. August saw a slight decline in shipments per workday of 0.1%, but tonnage increased by 0.5%, alongside a 0.6% rise in average weight per shipment to 1,297 pounds. The company cautions that future results may vary significantly due to various risk factors detailed in their SEC filings.

Saia, Inc. (Nasdaq: SAIA) reported a 9.9% decrease in revenue for Q2 2020, totaling $418.1 million, alongside a 30.3% decrease in operating income at $35.7 million. The diluted earnings per share fell to $1.07 from $1.40 year-over-year. The company managed to adapt to the operational challenges posed by the COVID-19 pandemic, demonstrating improved shipment trends in May and June. Financial health appears stable, with total debt reducing to $160.8 million and net debt down 3.4%. However, uncertainties remain due to ongoing pandemic effects.

Saia, Inc. (NASDAQ: SAIA) will announce its quarterly financial results on July 29, 2020, before the market opens. A conference call hosted by management will follow at 10:00 a.m. Eastern Time to discuss the results. Interested participants can join by calling 800-367-2403 or 334-777-6978, with conference ID #1964358. The call will also be available via a live webcast on their website. A replay will be offered starting two hours after the call until August 26, 2020. Saia operates 169 terminals in 44 states, providing LTL, non-asset truckload, expedited, and logistics services.